Is Celldex Therapeutics Headed for a Breakout?

NASDAQ: CLDX | Celldex Therapeutics Inc. News, Ratings, and Charts

CLDX – A resistance line and a level of support has formed in the chart of Celldex Therapeutics Inc. (CLDX). At some point, the stock is expected to break through the resistance. When that occurs, a breakout is expected. Read more to learn how to profit from this trade.

Celldex Therapeutics Inc. (CLDX - Get Rating) is a biopharmaceutical company. It is focused on the development and commercialization of several immunotherapy technologies and other cancer-targeting biologics. The company is also engaged in clinical trials for products targeting breast cancer, metastatic melanoma, lung cancer, solid tumors, and ovarian cancer.

Over the summer the company reported strong results from an early-stage study for its experimental antibody therapy CDX-0159. Then last month, the company announced that it had initiated dosing in the first cohort of a phase I study evaluating the drug.

The company appears to have a solid balance sheet as it had $164 million in cash at the end of the last quarter compared to only $1 million in long-term debt. In terms of growth, sales are up 90.7% over the past year and are expected to soar 212.8% year over year in the current quarter leading to a Growth Grade of B in our POWR Ratings system.

However, the stock looks overvalued with a price-to-sales ratio of 234.98, which is well above the high industry average of 12.7. The stock has been showing bullish long-term momentum as shown in the chart below.

Take a look at the 1-year chart of CLDX below with my added notations:

Chart of CLDX provided by TradingView

CLDX has stalled at the $56 resistance area (red) multiple times over the past few weeks, while also starting a potential trend line of support (green). These two lines have created an ascending triangle on the stock.

Click Here to Read the Greatest Trading Book Ever Written

Eventually, CLDX will have to break either the $56 resistance, as it tried to do on Friday, or the triangle support.  A long trade could be made on a break above $56. A break below the trendline would be an opportunity to enter a short trade.

Want to Discover More Great Trades?

What is better than finding the 1 attractive stock in this article?

Discovering 5 timely trades…like the ones in this new special report. Click below to claim your free copy now!

5 Stocks Ready to BREAKOUT!

Want More Great Investing Ideas?

3 Stocks to DOUBLE This Year


CLDX shares fell $0.08 (-0.14%) in premarket trading Monday. Year-to-date, CLDX has gained 218.49%, versus a 17.05% rise in the benchmark S&P 500 index during the same period.


About the Author: Christian Tharp


I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group and Yolo Publishing. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
CLDXGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Has the Bull Market Run Out of Steam?

It seems the S&P 500 (SPY) advance has stalled and cant crack above strong resistance at 6,000. Why is that happening? And what happens next? Read on for the answers...

Investors Remain “Cautiously Optimistic”

The S&P 500 (SPY) has made great advances since the lows of early April. Yet seem to be stuck under resistance at 6,000. What happens next depends on tariff talks. So let’s talk about the latest news on that front.

Bull Market Til Proven Otherwise

The phrase that paid for investors in 2025 was “Bull market til proven otherwise” Steve Reitmeister explains why in his latest market update and preview of top stock picks.

Investor Alert: Mission Accomplished?

The S&P 500 (SPY) has broken out above the 200 day moving average. Does that mean that bear market fears are now over? And should investors be riding the bull to new heights? Read on for Steve Reitmeister’s answer...

Stock Market Update: It’s Complicated!

The S&P 500 (SPY) may have bounced 17% from recent lows, but the outlook for stocks from here is...in a word...COMPLICATED. Read on to get Steve Reitmeister full market outlook and trading plan for this complicated market environment.

Read More Stories

More Celldex Therapeutics Inc. (CLDX) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All CLDX News